The Good Society falls naturally into two segments. In the first, Lippmann shows the errors and common fallacies of faith in government as the solution to all problems. He says, "from left to right, from communist to conservative. They all believe the same fundamental doctrine. All the philosophies go into battle singing the same tune with slightly different words." In the second part of the book, Lippmann offers reasons why liberalism lost sight of its purpose and suggests the first principles on which it can flourish again.

Lippmann argues that liberalism's revival is inevitable because no other system of government can work, given the kind of economic world mankind seeks. He did not write The Good Society to please adherents of any political ideology. Lippmann challenges all philosophies of government, and yet manages to present a positive program. Bewildered liberals and conservatives alike will find this work a successful effort to synthesize a theory of liberalism with the practice of a strong democracy. Gary Dean Best has provided the twenty-first century reader a clear-eyed context for interpreting Lippmann's defense of classical liberalism.

The Good Society is the eleventh in a series of books written by Walter Lippmann reissued by Transaction with new introductions and in a paperback format. As with other major figures of the twentieth century such as Thorstein Veblen, Peter Drucker, Margaret Mead, and Richard Hoggart, these are classic books with contemporary perspectives.